MANILA: The Philippine central bank is widely expected to deliver another quarter-point interest rate cut on Thursday (Feb 13), given a disappointing economic growth and within-target inflation.
Bangko Sentral ng Pilipinas will reduce its target reverse repurchase rate by 25 basis points to 5.50 per cent, according to 28 of 29 economists in a Bloomberg News survey, with one predicting a hold. Easing by another 0.25 percentage point for a fourth straight meeting would take borrowing cost to a fresh two-year low.
